This year, following a significant bull run, the cryptocurrency market may have entered a consolidation phase, but Pepe (PEPE) stands out as a notable player with significant accumulations that have caught investors‘ attention. On-chain data reveals that market participants purchased approximately 650 billion PEPE in the last 24 hours, creating optimism about the altcoin’s future price movements. Despite facing a sharp decline earlier this year, PEPE surged from a low of $0.0000009 to a high of $0.0000099 in March, challenging the overall market trend and fueling rumors of a potential correction. Indeed, a correction occurred to some extent. However, recent accumulations potentially by whales or investors reached trillions, increasing curiosity about PEPE’s future price trajectory.